SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2001
Enodis plc
Washington House, 40-41 Conduit Street
London, W1S 2YQ, United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F: X Form 40-F: _____
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Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes: _______ No: X
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On June 11, 2001 the Registrant announced that at the Extraordinary General
Meeting of the Company held on that date at 10:30 a.m., the resolution proposed
for the disposal of its Building and Consumer Products Division announced on 23
April 2001, was passed.
On June 14, 2001 the Registrant announced that it has completed the
disposal of its Building and Consumer Products Division (the "Division") to a
subsidiary company of Nobia AB for a total consideration of 134 million pounds,
subject to certain net asset adjustments.
The sale of the Division will enable Enodis to focus solely on its core
commercial food equipment business which, through its broad range of "hot" and
"cold" side products, is uniquely placed to build on its global leadership
position. The net cash proceeds of the disposal will be used to reduce group
indebtedness.
The Board continues the review of its options to restore shareholder value
and reduce debt announced on 23 April. During this process the Board has
received a number of inquiries from parties with a possible interest in making
an offer for Enodis' highly regarded business. The Board will continue to
evaluate such inquiries as part of the wider overall review of strategic
options. Notwithstanding recent setbacks the Board believes that Enodis is well
placed for recovery and long term growth. In assessing any proposal the Board
will be evaluating whether the proposal properly reflects the value of Enodis'
portfolio of market leading businesses, the likely benefits of restructuring
plans undertaken by Enodis and the favorable long term growth prospects for the
markets in which Enodis operates. The Board of Enodis is committed to
maintaining strong relationships with customers and employees which are central
to its strategy for creating shareholder value.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ENODIS PLC
June 15, 2001
By: /s/ Andrew J. Allner
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Name: Andrew J. Allner
Title: Chief Financial Officer